Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-30.56%
trims when stocks drop
when a holding falls −10%+
Middle response
-29.28%
baseline attrition
Rally response
-21.98%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $1.88B | 15.4% | — | 1.8 yr |
| SPYState Street SPDR S&P 50 | $212M | 1.7% | +17.6% | 7.3 yr |
| MUMicron Technology, Inc. | $164M | 1.3% | +289.6% | 8.8 yr |
| FBTCFidelity Wise Origin Bit | $149M | 1.2% | — | 2.3 yr |
| CRH.LCRH plc | $135M | 1.1% | — | 2.8 yr |
| METAMeta Platforms, Inc. | $130M | 1.1% | -0.4% | 9.8 yr |
| ARKBARK 21Shares Bitcoin ETF | $126M | 1.0% | — | 1.5 yr |
| UUnity Software Inc. | $94M | 0.8% | +12.0% | 3.8 yr |
| IBITiShares Bitcoin Trust ET | $90M | 0.7% | — | 2.3 yr |
| BITBBitwise Bitcoin ETF Trus | $84M | 0.7% | — | 2.0 yr |
| IEXIDEX Corporation | $79M | 0.6% | +6.4% | 7.0 yr |
| TMUST-Mobile US, Inc. | $76M | 0.6% | -19.9% | 9.0 yr |
| SITESiteOne Landscape Supply | $71M | 0.6% | +9.6% | 4.3 yr |
| AMATApplied Materials, Inc. | $71M | 0.6% | +137.6% | 9.5 yr |
| BSXBoston Scientific Corpor | $69M | 0.6% | -37.8% | 9.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management21.3%-9.2pp$2.60B
Semiconductors5.8%+1.6pp$708M
Software - Application3.8%+0.9pp$469M
Asset Management - Cryptocurrency3.0%+0.5pp$365M
Unknown2.9%+0.7pp$357M
Industrial - Machinery2.7%+0.5pp$334M
Software - Infrastructure2.5%-0.1pp$299M
Biotechnology2.4%-0.1pp$296M
Specialty Retail2.1%-0.4pp$255M
Internet Content & Information1.8%+0.1pp$221M
Country
US87.7%-2.8pp
Unknown2.9%+0.7pp
IE2.3%+0.6pp
GB1.7%+0.4pp
CA1.4%+0.6pp
IL0.8%+0.3pp
BM0.4%+0.0pp
SG0.3%+0.2pp
Top 5: 20.9% · Top 10: 25.1% · Top 25: 33.1%
Top buys this quarter · 15
| MU Micron Technology, Inc. | +$133M |
| U Unity Software Inc. | +$79M |
| META Meta Platforms, Inc. | +$66M |
| SITE SiteOne Landscape Supply, Inc. | +$59M |
| MA Mastercard Incorporated | +$50M |
| ARM Arm Holdings plc American Depo | +$49M |
| PLTR Palantir Technologies Inc. | +$48M |
| JCI Johnson Controls International | +$45M |
| COF Capital One Financial Corporat | +$43M |
| FDX FedEx Corporation | +$42M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$1.08B |
| NVDA NVIDIA Corporation | −$505M |
| MSFT Microsoft Corporation | −$184M |
| GOOG Alphabet Inc. | −$160M |
| TSLA Tesla, Inc. | −$149M |
| AMZN Amazon.com, Inc. | −$146M |
| NFLX Netflix, Inc. | −$126M |
| JNJ Johnson & Johnson | −$93M |
| VRT Vertiv Holdings Coexit | −$93M |
| LUV Southwest Airlines Co. | −$81M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $12.20B | 2030 | +26.11% | +17.59% | +8.52% | -7.31B |
| 2025-12-31 | $19.79B | 1837 | +19.38% | +17.72% | +1.66% | +4.86B |
| 2025-09-30 | $14.27B | 1967 | +17.70% | +17.52% | +0.18% | -0.43B |
| 2025-06-30 | $13.25B | 1873 | +14.58% | +14.94% | -0.37% | -3.14B |
| 2025-03-31 | $14.87B | 2034 | +2.28% | +8.30% | -6.02% | +0.09B |
| 2024-12-31 | $15.84B | 1877 | +21.04% | +24.89% | -3.85% | +3.14B |
| 2024-09-30 | $12.30B | 1831 | +32.35% | +36.04% | -3.69% | -1.60B |
| 2024-06-30 | $12.87B | 1948 | +18.77% | +24.49% | -5.72% | +0.39B |
| 2024-03-31 | $12.69B | 1821 | +28.86% | +29.62% | -0.76% | -0.76B |
| 2023-12-31 | $12.17B | 1717 | +22.48% | +26.18% | -3.70% | -0.05B |
| 2023-09-30 | $10.83B | 1561 | +14.90% | +21.57% | -6.67% | -0.37B |
| 2023-06-30 | $11.57B | 1911 | +13.66% | +19.42% | -5.76% | +0.47B |
| 2023-03-31 | $10.39B | 1942 | -11.95% | -7.82% | -4.13% | -2.18B |
| 2022-12-31 | $11.98B | 2452 | -20.00% | -18.17% | -1.82% | -0.58B |
| 2022-09-30 | $11.86B | 2816 | -16.07% | -15.51% | -0.56% | +2.76B |
| 2022-06-30 | $9.50B | 2379 | -4.56% | -10.62% | +6.06% | +2.08B |